Business Real Estate Weekly by Rose Law Group Chandler – A limited partnership formed by TA Associates Realty in Newport Beach, Calif. paid $68 million ($287.64 per foot) to buy 236,405 sq. ft. of office and retail space within The Park at San Tan project in Chandler. The purchase included a 216,517-square-foot office building and […]

Business Real Estate Weekly by Rose Law Group With historically low interest rates, favorable terms and an abundance of lenders, the climate for borrowers financing commercial real estate is as good as it has ever been. Permanent financing options are abundant with a smorgasbord of lenders armed and ready to loan large sums of money. […]

Business Real Estate Weekly by Rose Law Group Mesa – In a deal that will cap off a seven-day period of robust multi-family property sales activity in the Phoenix area, the 676-unit Lakeview at Superstition Springs Mesa apartment complex is set to close in a $66.6 million transaction ($98,521 per unit). The project, located within […]

Business Real Estate Weekly by Rose Law Group Chandler – A company formed by MIG Real Estate LLC in Newport Beach, Calif. (Greg Merage, principal) paid $35.5 million ($151,709 per unit) to buy the 234-unit Symphony apartments in Chandler at 2225 W. Frye Road. The seller was Symphony R LLC, a company formed by Hartford […]

Business Real Estate Weekly by Rose Law Group Tempe – In a deal set to close at press time, Crow Holdings in Dallas, Tex. (Harlan Crow, et al., directors) is expected to pay just over $47 million ($115,319 per unit) to acquire the 408-unit Grigio Metro Tempe apartments at 1811 E. Apache Boulevard. The seller […]

Business Real Estate Weekly by Rose Law Group Gilbert – A venture formed by SunCap Property Group in Charlotte, N.C. (Flint McNaughton, pres.) plans to develop a business park in Gilbert that could have several hundred thousand sq. ft. of office and industrial buildings. The 63.4-acre tract, which is known as Gilbert Spectrum Business Park, […]

Business Real Estate Weekly by Rose Law Group Goodyear – A company formed by Ryan Thompson of Umbrella Properties Inc. in Coburg, Ore. paid $19.5 million ($93,750 per unit) to acquire the 208-unit Desert Sage Goodyear apartments located at 1737 N. Central Avenue. The seller was PM Desert Sage Goodyear LLC, a company formed by […]

Business Real Estate Weekly by Rose Law Group Tempe – A company formed by PASSCO Cos. LLC in Irvine, Calif. (William Passo, CEO) paid $25.85 million ($106,852 per unit) to purchase the 270-unit Monarch at Tempe apartments at 4505 S. Hardy Drive in Tempe. The seller was Monarch Greenwood Venture L.P., a limited partnership formed […]

Business Real Estate Weekly by Rose Law Group Scottsdale – A company formed by Aukum Management LLC in Larkspur, Calif. (Jason Fuchs, Linton Young, principals) paid $43 million ($162,879 per unit) to acquire the 264-unit Sonoran Vista apartments located at 9340 E. Redfield Road in Scottsdale. The seller was SP Sonoran LLC, a company formed […]